Indian interest in Brisbane

Two Indian conglomerates have reportedly joined the field of contenders for the 99-year lease of the port of Brisbane, but a New Zealand consortium has dropped out after failing to secure finance.

Australian financial media say the Adani Group, which recently sealed a multi-billion dollar deal to take control of a major central Queensland coal project and has also been named a preferred joint developer of the next proposed Port Dalrymple Coal Terminal expansion at Dudgeon Point, is prepared to bid in its own right for Brisbane, which the Queensland government wants to privatise under the landlord model for up to A$3B....

Read this item in full

This complete item is approximately 200 words in length, and appeared in the October 2010 issue of WorldCargo News, on page 7.

Full-access subscribers only:Click here to download this issue or read it online now